For Sale Commercial MLS# 26991751

486 E Avenue 28

Los Angeles, CA 90031

$1,999,000

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About 486 E Avenue 28

Excellent investment opportunity in Lincoln Heights, a centrally located and evolving Los Angeles neighborhood. Conveniently situated near Dodger Stadium, Downtown Los Angeles, Chinatown, Highland Park, Frogtown/Elysian Valley, and East Los Angeles, with easy access to major freeways and surrounding employment and entertainment centers.Select units offer views of the Downtown Los Angeles skyline. The property features an established tenant base with long-term residents and a strong history of timely rent payments. One to two units are anticipated to be delivered vacant at close of escrow, providing the new owner with flexibility for owner occupancy, renovation, or repositioning.A well-located multifamily opportunity in one of Northeast Los Angeles' most conveniently situated communities. Buyer to independently verify all information, including vacancy status, rents, unit conditions, and views.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1984
Stories
2
Living area
4,688 sqft
Price / sqft
$426
Lot
0.149
Original price
$1,999,000
MLS #
26991751

Interior

Heating
Wall Furnace

Exterior & lot

Features
Parking spaces: 11
Construction
Stucco
Roof
Shingle
Lot
LARD3

Schools

District
Los Angeles Unified School District

Utilities

Utilities
Standard

Financial

Financial
Sole Proprietor
Parcel
5206021026
Special conditions
Standard

Location

Area
677 - Lincoln Hts
County
Los Angeles
Neighborhood
Lincoln Heights
Community
0.0
Directions
From the I-5 Freeway, exit North Broadway and head north on North Broadway. Turn left onto Griffin Avenue, then turn right onto Avenue 28. The property will be located approximately halfway up the block on the right-hand side.

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Questions on 486 E Avenue 28, Los Angeles, CA 90031, or want to see it in person?

Listed by Antonio Aguilera, 1st Class Investments & Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.